Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Sees Significant Growth in Short Interest

Posted by Samantha Reynolds on Oct 1st, 2024

Arogo Capital Acquisition Corp. (NASDAQ:AOGO – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 16,400 shares, an increase of 10.8% from the August 31st total of 14,800 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is presently 2.9 days. Currently, 0.5% of the shares of the company are sold short.

Arogo Capital Acquisition Stock Performance

NASDAQ:AOGO opened at $11.05 on Tuesday. The company’s fifty day moving average price is $10.97 and its 200-day moving average price is $10.94. Arogo Capital Acquisition has a 1-year low of $10.50 and a 1-year high of $11.64.

Institutional Investors Weigh In On Arogo Capital Acquisition

Several hedge funds have recently added to or reduced their stakes in AOGO. Clear Street LLC raised its stake in shares of Arogo Capital Acquisition by 10.9% during the 2nd quarter. Clear Street LLC now owns 137,370 shares of the company’s stock valued at $1,508,000 after buying an additional 13,508 shares during the last quarter. Warberg Asset Management LLC acquired a new position in Arogo Capital Acquisition in the second quarter valued at approximately $876,000. Tidal Investments LLC acquired a new position in Arogo Capital Acquisition in the first quarter valued at approximately $224,000. K2 Principal Fund L.P. purchased a new stake in Arogo Capital Acquisition in the 1st quarter worth approximately $788,000. Finally, Robinson Capital Management LLC acquired a new stake in shares of Arogo Capital Acquisition during the 1st quarter worth approximately $226,000. 41.63% of the stock is owned by hedge funds and other institutional investors.

Arogo Capital Acquisition Company Profile

(Get Free Report)

Arogo Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in transportation and technology industries within the electric vehicles technology, smart mobility, or sustainable transportation.